Qualified foreign investors (QFIs) increased their stakes in 47 Tadawul-listed firms on Tuesday, March 6, while 36 companies saw foreign investors cutting stakes, market data compiled by Argaam showed.
Methanol Chemicals Co. (Chemanol), United International Transportation Ltd. (Budget Saudi) and Saudi Company for Hardware (SACO) were the top companies seeing further purchases by foreign investors.
Foreign investors raised their shareholdings in Chemanol by 0.25 percent, and in Budget Saudi and SACO by 0.19 percent and 0.16 percent, respectively.
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Top Five Stocks Where QFIs Increased Stakes |
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|
Company |
Previous stake |
Current stake |
Variation |
Number of shares |
|
Petrochem |
3.05% |
3.30% |
+0.25% |
301,500 |
|
Budget Saudi |
15.07% |
15.26% |
+0.19% |
135,217 |
|
SACO |
9.17% |
9.33% |
+0.16% |
38,400 |
|
Dar Al-Arkan |
2.51% |
2.62% |
+0.11% |
1,188,000 |
|
Malath |
19.94% |
20.01% |
+0.07% |
35,000 |
Meanwhile, Al-Babtain Power and Telecommunications Co. and Al Tayyar Travel Group saw the highest stock sales by foreign investors, with QFIs offloading 0.26 and 0.21 percent of their holdings, respectively.
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Top Five Stocks Where QFIs Offloaded Stakes |
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|
Company |
Previous stake |
Current stake |
Variation |
Number of shares |
|
Al-Babtain |
1.55% |
1.29% |
(0.26%) |
110,841 |
|
Al Tayyar |
10.81% |
10.60% |
(0.21%) |
440,265 |
|
Advanced |
1.70% |
1.55% |
(0.15%) |
295,191 |
|
Al Ahlia |
9.41% |
9.27% |
(0.14%) |
44,800 |
|
Wataniya |
12.48% |
12.35% |
(0.13%) |
26,000 |
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